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Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > New Stream Agreement
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Comment by Finalsayon Jul 28, 2020 9:01am
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Post# 31329431

RE:RE:New Stream Agreement

RE:RE:New Stream Agreement

 "The cost of the Expansion Projects is estimated at US$32 million and commissioning is targeted for the first quarter of 2022. Once commissioned, the Expansion Projects will allow the Processing Facility to maintain its current production levels as well as to increase zinc production by approximately 20,000 tonnes per year"

- Zinc production (tonnes) 
Q1 2020: 67,425
Q4 2019: 70,053
Q3 2019: 66,032

3 quarter average = 67,837 x 4 = 271,347 tonnes per year

20,000/271,347 = 7.37% increase in zinc production per year

Where are you getting the 20% number from?



 

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